M
Manjeet Sidhu
posted on 28 Apr10 years of renting, finally pulling the trigger
Been tracking Noida property for six months now. Shri Radha Sky Park completed hai, but iska capital appreciation forecast kya hai? Rental yield kitna expect kar sakte hain? Resale market kitni liquid hai, ya ghost society ban jayegi?
#shri-radha-sky-park#noida-real-estate#capital-appreciation#rental-yield#resale-value
Comments
U1, after all this discussion, what are you leaning towards? Did you manage to visit the site recently? Any specific tower or floor you're considering? Would love to know your final thoughts.
U19, he'll probably end up booking, we all do eventually after getting tired of renting. Just negotiate hard on the price and get everything in writing. Builders are all the same, only the project names change. Good luck, U1!
The market sentiment is definitely improving in Noida, especially with interest rates stabilizing. Sector 150 has seen a 5-7% price jump in the last year for ready-to-move properties. Sky Park, being ready, will benefit from this. But yes, don't expect Bangalore/Mumbai type appreciation.
U16, exactly. For NRIs, the rupee depreciation against USD also adds to the 'appreciation' in a way, but pure capital gains are still moderate. I'm looking at it as a long-term asset and a base in India, not a quick flip. Rental yield is just pocket money.
So, summing it up for U1: Shri Radha Sky Park is a decent, RERA-compliant, ready-to-move option in a developing area. Expect moderate appreciation (5-7% p.a.) and average rental yield (2.5-3.5%). The key is due diligence on finishing, OC, and overall society occupancy. Don't rush, but it's not a bad bet for long-term if the price is right.
U18, well summarized. The 'if the price is right' part is crucial. Negotiate hard, U1. Builders are often willing to give a better deal for ready inventory, especially towards month-end or quarter-end. Good luck, hope you find your dream home!
U1, before you pull the trigger, check for any legal cases against the builder or the project. Sometimes 'completed' projects have issues with land titles or pending dues. RERA website pe sab details mil jaati hain. Don't rely solely on broker info.
Ha ha, 'completed' projects! Builder ne toh bol diya 'completed', ab baaki ka kaam toh residents hi karenge, right? Mera builder toh abhi tak gym equipment install nahi kiya hai, 2 saal ho gaye possession ko. Noida mein yahi game hai.
U1, a solid tip: before finalizing, try to rent a flat in that very society for a month or two, if possible. You'll get to experience the actual ground reality, amenities, water/electricity issues, and the community vibe firsthand. Best due diligence!
U15, that's a brilliant idea! Never thought of that. It's like a trial run before buying. Though finding a short-term rental might be tricky, but worth exploring. Thanks for this practical advice!
Mera bhi same experience tha 3 years ago with another project near Expressway. Completed bolte hain par club house, swimming pool, even some lifts were not fully functional for months after possession. Builder ne sirf structure complete kiya tha. U1, make sure you visit multiple times, talk to current residents if possible. Pictures can be deceiving.
U7, this is so true! My uncle got possession in a project in Sector 78, and the gym was just an empty room for a year. Builder promises the world during booking. It's so frustrating for first-time buyers who don't know these tricks.
While finishing issues are a concern, let's look at the bigger picture. Noida Extension and Sector 150 are the only areas with significant new supply and relatively affordable pricing. With the upcoming Jewar Airport and Film City, long-term growth is undeniable. It's a waiting game. Sky Park is around 6800-7000/sqft right now, which is reasonable for a 'completed' project.
U8, good point on the long-term potential due to infrastructure. That's the only real driver in these high-supply areas. However, for 6800-7000/sqft, one can also look at some resale options in established sectors like 7X or even some parts of Greater Noida West which might offer better immediate rental prospects, albeit at a slightly higher entry price.
U8, 6800-7000/sqft for a completed project sounds good, but what about maintenance charges? And is it actually fully occupied? I visited a society recently jahan 50% flats khali the, felt very eerie. What about the RERA completion date vs actual possession status for Sky Park?
U9, that's the real question. Maintenance charges can eat into your rental yield significantly. Aur agar society mein log hi nahi hain, then amenities maintain kaise hongi? RERA completion date is one thing, but OC (Occupancy Certificate) and actual handover is another. Builder ne OC apply kiya hai ya mil gaya hai?
U9, occupancy rates are improving across Sector 150, especially with people moving from Delhi/Gurgaon for better value. Sky Park ka maintenance is around 3.5-4 rs/sqft, which is standard. OC mil gaya hai for most towers, that's why they are saying 'completed'. But yes, check which tower you're interested in, as some might have pending work.
U11, 3.5-4 rs/sqft standard hai, but phir bhi saal ka 25-30k toh maintenance mein hi chala jata hai for a 1200 sqft flat. Plus property tax. Itna sab calculate karke hi lena padta hai. My friend bought in a project nearby, builder ne bola tha 2rs/sqft, ab 4rs/sqft charge kar rahe hain. Builder ki baaton pe bharosa karna mushkil hai.
Been tracking Noida property for six months now. Shri Radha Sky Park completed hai, but iska capital appreciation forecast kya hai? Rental yield kitna expect kar sakte hain? Resale market kitni liquid hai, ya ghost society ban jayegi? 10 years of renting, finally pulling the trigger, so thoda nervous hoon.
Bhai, congratulations on finally taking the plunge! Shri Radha Sky Park is in a decent location, but 'completed' is a relative term with these builders sometimes. Appreciation will be slow initially, maybe 4-5% p.a. for the next 2-3 years. Rental yield in Noida is typically 2.5-3.5% max, don't expect much more. Liquidity depends on pricing it right. Ghost society toh nahi banegi, but will take time to fill up completely.
U2, I think 4-5% is a bit conservative for a ready-to-move project in Sector 150 with good connectivity. With the upcoming metro expansion towards Greater Noida West and the general infrastructure push, 6-8% p.a. capital appreciation is quite possible, especially if you hold for 5+ years. Rental yield might be low, but capital appreciation makes up for it.
Slow appreciation is an understatement, U2. Iss builder ka track record utna accha nahi hai. Sky Park mein bhi finishing issues bahut hain, I heard from a friend who booked there. Plus, Sector 150 mein abhi bhi bahut inventory hai. Be careful, U1. Jaldi mat karo.
U3, finishing issues are common, true. But Sky Park is RERA registered, and they did deliver on time, which is a plus for this builder. The main issue is indeed the overall supply in Sector 150. Most projects are selling at a discount from launch prices to clear inventory. So, capital appreciation will be a slow burn. Rental yield is okay if you get a good tenant at 18-20k for a 2BHK.
U3, you're right about the inventory. My cousin bought in a nearby project last year, and resale value has barely moved. Builders just keep launching new towers. For NRIs looking at long-term appreciation, this area can be tricky. What specific finishing issues are you hearing about?
Exactly! Finishing matters. Mera abhi current rental flat ka builder ne itna ganda kaam kiya tha ki har doosre din plumber ya electrician bulana padta hai. If Sky Park mein bhi yahi haal hai, then rental yield toh door ki baat, tenant hi nahi milega ache se.